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Volatility of accounting earnings
Accounting and Business Research, 2013The theoretical derivation of the volatility of accounting earnings is an important topic. Not only does it concern the uncertainty in earnings measurement, but it also allows for an objective comp...
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Earnings Volatility and Earnings Predictability
SSRN Electronic Journal, 2006Survey evidence indicates widely held managerial beliefs that earnings volatility is negatively related to earnings predictability. In addition, existing research suggests that earnings volatility is determined by economic and accounting factors, and both of these factors reduce earnings predictability.
Ilia D. Dichev, Vicki Wei Tang
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Earnings Volatility Across Groups and Time [PDF]
National Tax Journal, 2009 Inferences about earnings volatility across groups and time depend on the underlying models of earnings dynamics, data sources, earnings concepts, and sampling strategies.
Sabelhaus, John, Song, Jae
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Volatility, Earnings, and Multiples
The Journal of Investing, 2021The author decomposes the variance of stock returns into a fundamental component, proxied by the variance of their earnings; a behavioral component, proxied by the price-to-earnings ratios’ variance; and a joint component. By sorting stocks according to each of the three components, he found the usual low-volatility pattern, whereby stocks with low ...
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Earnings forecasts and idiosyncratic volatilities
International Review of Financial Analysis, 2008Abstract We test the theoretical relation between idiosyncratic return volatilities and the volatilities of cash-flow news based on the expected returns on equity (ROE) for CRSP stocks over the period 1977–2008. Consistent with economic intuition, we find that using analyst forecasts of earnings is superior to using realized earnings to proxy for ...
Lawrence Kryzanowski, sana mohsni
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The Price of Earnings for Firms with Volatile Earnings Growth
SSRN Electronic Journal, 2008We examine firm valuation under the condition of volatile earnings growth. The Stochastic Earnings Valuation Model (Abaphai, Georgikopoulos, Hasnip, Jamie, Kim, and Wilmott, 1996; Li, 2003) is a relatively new model of equity valuation and is used here to derive a partial differential equation for the PE ratio of firms with volatile earnings growth. We
Jamie Alcock, Thomas Mollee, James Wood
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Volatile Earnings Growth, the Price of Earnings and the Value Premium
CFA Digest, 2011There is little disagreement in the literature that the price of an asset is related to at least two things: the current earnings of the asset, and the anticipated growth of these earnings.
Alcock, Jamie +2 more
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Changes in the Distribution of Earnings Volatility
Journal of Human Resources, 2015Recent research has documented a rise in the volatility of individual labor earnings in the United States since 1970. Existing measures of this trend abstract from within-group latent heterogeneity, effectively estimating an increase in average volatility for observable groups. We decompose this average and find no systematic rise in volatility for the
Shane T. Jensen, Stephen H. Shore
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The role of low earnings in differing trends in male earnings volatility
Economics Letters, 2021Abstract Trends in male earnings volatility vary across studies. Volatility is flat or increasing in most studies using survey data but falling in recent studies using administrative data. This paper uses Survey of Income and Program Participation data linked to administrative earnings histories from the Detailed Earnings Records to investigate the ...
Michael D. Carr, Emily E. Wiemers
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Dividends, earnings volatility and information
Applied Financial Economics, 2009It is generally accepted that a firm's dividend policy can provide information about its future financial performance. Most studies link dividend policy with firm valuation; however, other signals involving dividend policy are also observed. The focus of this article is not to continue the examination of the return (valuation) information contained in ...
Ben Howatt +3 more
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